Virgina Beach Travel Soccer Inc

Charity Navigator Rating: Needs Improvement

Virginia Beach Travel Soccer Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 67%. While the organization demonstrates a strong commitment to its program expenses, with a ratio of 90.78%, there are significant concerns regarding its governance and financial transparency. Notably, the organization lacks independent board members and has several missing policies, which raises questions about its accountability.

The financial outlook appears stable, as indicated by a liabilities to assets ratio of 22.30%, and the organization has no loans to or from officers. However, the absence of a conflict of interest policy, whistleblower policy, and other essential governance documents detracts from the organization's credibility and operational integrity. This indicates a need for improvement in its governance practices to enhance trust among stakeholders.

Despite the positive aspects related to program expense management and financial stability, the lack of transparency and accountability measures may hinder the organization's effectiveness and public confidence. Stakeholders may want to monitor these governance issues closely to ensure that the organization is taking steps to improve its practices and overall rating.

This AI summary has been generated from information found on Charity Navigator.

Virgina Beach Travel Soccer Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virgina Beach Travel Soccer Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $600,178

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Official website here: www.beachfc.com